Definition of variables used in regressions
Government budget balance is the central government's budget deficit (if negative) or surplus (if positive) as percent of GDP in 1996.
Broad money growth is the growth of a broad money aggregate in 1996
Current account is the country's current account deficit (if negative) or surplus (if negative) as a percent of GDP in 1996.
Total reserves are central bank reserves in billions of dollars at the end of 1996.
Import coverage is the ratio of imports to reserves, measured in months of imports, in 1996.